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PPP Loan Data — Marquis Corp, Independence, OR

SBA PPP loan data, payroll data, and salaries for Marquis Corp
OR

Marquis Corp

Entity: Corporation

Industry: Plastics Plumbing Fixture Manufacturing

Location: Independence, OR

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Marquis Corp is a corporation located at 596 Hoffman Road in Independence, Oregon that received a Coronavirus-related PPP loan from the SBA of $2,577,300.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 151 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

151

Loan Approved:

2020-04-15

Lender:

FIFTH THIRD BANK

Marquis Corp received a Paycheck Protection Loan of $2.58M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Marquis Corp's total 2019 payroll expenses were approximately $12.37M in order to qualify for the PPP loan amount received.

Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $81,927 per employee1.

Because the loan received by Marquis Corp is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Marquis Corp in Independence, OR

Marquis Corp
596 Hoffman Road
Independence, OR 97351

Business Industry

Plastics Plumbing Fixture Manufacturing (NAICS code 326191)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OR-05

Industry PPP Comparison Statistics

Nationwide, 188 businesses in the "Plastics Plumbing Fixture Manufacturing" industry received a total of $53,820,521.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 25 employees, 83% lower than Marquis Corp's reported 151 employees, and received an average PPP loan of $286,279, 89% lower than this company's loan of $2.58M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/marquis-corp-independence-or